Hot PPI Inflation Data Boosts Fed Rate Hike Expectations
After producer prices came in hotter than expected, market odds for a Federal Reserve interest rate hike next week jumped to 61%, while Treasury yields climbed. Investors now await the upcoming CPI report for further signals.
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The likelihood of a Fed interest rate hike next week just got a lot higher
Traders pushed chances for a rate increase to 70% in morning action.
Read full article →U.S. yields climb as inflation, oil rally amp up rate-hike bets
Traders raised the probability of a Fed rate hike in September to roughly 70%
By Sinéad Carew
Read full article →Treasury yields surge toward the danger zone for stocks, as inflation pressures heat up
Oil prices were at their highest levels in months, and disappointing wholesale-inflation data have sent benchmark 10-year yields closer to the key 5% level.
By Joy Wiltermuth
Read full article →

